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hotbit

@hotbit

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2017-09-08 15:54

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hotbit

7y

RE: Town Hall Meeting recording

Affected clients should take legal action against exchanges. @acidyo Would you mind commenting on please?

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hotbit

7y

RE: Steem blockchain multivote security vulnerability

30/1 voting rule exactly makes this attack vector easier. But, in the meantime, I've found you have proposed very similar solution!, i.e. 1SP = 1 vote! Dividing vote power would have the same effect as

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hotbit

7y

RE: Steem Blockchain has a major Problem and maybe the Solution is pretty easy...

Right, mixed with an account age, powerup time etc. could make it work (to some extent at least). It's a difficult problem, maybe you're onto something!

hotbit

7y

RE: Steem blockchain multivote security vulnerability

ad.1 - Yes. 1 would be best, 3 would be quite good. But I'm afraid both are impossible. ad.2 - good idea! ad3. - reputation could be manipulated, could bring more problems. ad4. - not possible without

hotbit

7y

RE: Steem Blockchain has a major Problem and maybe the Solution is pretty easy...

These are good ideas to research further. As I have explained in my post on multivote rule, more than one vote favors big owners. Still, 3 votes would much better than the current 30 and maybe easier to

hotbit

Hive Think Tank

7y

RE: Thoughts on the Recent Witness Meeting With Tron(Roy)

Exchanging all top witnesses overnight was only possible due to 30 for 1 voting rule. I have asked a few 'community' witnesses to comment on the rule and security risk it poses to the blockchain, none

hotbit

7y

RE: Vote Netuoso For Witness

Hi Justine, 30 votes rule is as bad as what exchanges have done using customers funds without consent, and take over was possible due to 30 votes rule. I have asked about 10 witnesses for a comment - none

hotbit

7y

RE: Crypto-Reward Tokens for Scientific Publishing

Indeed, very interesting!

hotbit

7y

RE: Steem Town Hall - ALL-COMMUNITY-MEMBERS-WELCOME

Due to voting rule 30 for 1 Steem blockchain is extremely centralized. This rule allowed exchanges to set up 20 top witnesses earlier this week. What is your stance on Steem decentralization and security

hotbit

7y

RE: Community: How Powerful We Truly Are In The Fight To End Tyranny

@taskmaster4450 You have used the word decentralization 6 times in the article. However, due to voting rule 30 for 1 Steem blockchain is highly centralized, what is more, this rule allowed exchanges to

hotbit

7y

RE: The Truth About the Steemit Tron Takeover with Steem Witness Luke Stokes

Luke, you talk a lot about decentralization, but 30 for 1 rule strongly supports centralization. In a large part, it has also allowed for the current drama. What is your point of view?

hotbit

7y

RE: I HAVE VOTED FOR MY WITNESSES: HAVE YOU?

Sure I did. As you are a prominent community member. may I ask you for your opinion on 30 for 1 rule that centralizes governance and poses security risk to Steem blockchain?

hotbit

7y

RE: Witness Update (22.7331) - Pick a great Steem Frontend - Please vote Community Witnesses - SteemWallet Apps back.

Apparently the rule is there to centralize blockchain governance. So ironic witnesses repeat decentralization like a mantra.

hotbit

7y

RE: Witness Update (22.7331) - Pick a great Steem Frontend - Please vote Community Witnesses - SteemWallet Apps back.

The current takeover attempts are possible due to 30 for 1 voting rule, see my article about steem security vulnerability. The voting rule as we have it indeed is pro centralization.

hotbit

7y

RE: Witness Update (22.7331) - Pick a great Steem Frontend - Please vote Community Witnesses - SteemWallet Apps back.

Being a witness, would you mind to express your view on 30 for 1 voting rule, which leads to centralization of steem governance and allowed exchanges to swap all 20 top witnesses? Steem blockchain multivote

hotbit

7y

RE: Steem blockchain multivote security vulnerability

I agree that having fewer votes makes it much easier to get enough witnesses to block consensus. But then let's stop false statements about decentralization. Recently almost every witness is using this

hotbit

7y

RE: Steem blockchain multivote security vulnerability

Your 30 votes to my three hundred is the same as your one vote to my ten. As I have explained in the article, while it seems like this at first glance, that's not true. With 1 for 1 voting rule, recent

hotbit

7y

RE: Why I Am Still Here

Being a witness & a notable community member, would you mind to give you view on Steem blockchain multivote security vulnerability ? Thanks.

hotbit

7y

RE: Binace stop steem withdraw

Most likely because they used your steem to power up and vote new witnesses, thus they might have no liquid steem to give you back.

hotbit

7y

RE: Steem blockchain multivote security vulnerability

Thank you for the link!

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